Small cap wrap: Blockmate Ventures, Sona Nanotech, Graphene Manufacturing Group...

Major infrastructure initiatives in southern Madagascar are set to enhance Evion Group NL (ASX:EVG, OTC:EVIGF)’s development pathway at its flagship Maniry Graphite Project, improving logistics, reducing costs and reinforcing the company’s European Union (EU)-aligned development strategy.

AMC Entertainment Holdings (NYSE:AMC) shares soared after the cinema chain reported record weekend revenue over Memorial Day, driven by strong openings from Disney’s Lilo & Stitch and Paramount's Mission: Impossible – The Final Reckoning.

It set all-time weekend records for admissions revenue, food and beverage revenue and overall revenue at its US locations.

Arizona Gold & Silver Inc (TSX-V:AZS, OTCQB:AZASF) said it has completed the acquisition of the Sycamore Canyon epithermal gold-silver project in southeastern Arizona, positioning the asset for potential advancement through a future partnership.

The company said the 10 unpatented lode mining claims were acquired for US$40,000, securing full ownership of the property subject to annual BLM claim fees and a 2% net smelter royalty (NSR) retained by the previous owner.

Blockmate Ventures Inc (TSX-V:MATE, OTCQB:MATEF) has announced the launch of Blockmate Mining, a wholly-owned Bitcoin mining subsidiary based in Wyoming.

The company said Blockmate Mining will focus on large-scale digital asset infrastructure, beginning with an initial deployment of 10 megawatts (MW) and aiming to scale up to 200MW.

Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it has been named one of the initial certified operators under the Association for Uncrewed Vehicle Systems International (AUVSI) Trusted Uncrewed Maritime Systems (UMS) Operator Program.

The certification program, developed by AUVSI in partnership with industry stakeholders, sets a standardized benchmark for training, proficiency, and safety in the operation of uncrewed maritime systems.

Sona Nanotech Inc (CSE:SONA, OTCQB:SNANF) announced positive results from a preclinical safety study evaluating the toxicity of its proprietary gold nanorods, fulfilling a prerequisite required by the US Food and Drug Administration (FDA) for advancing to full human clinical trials.

The study assessed the safety, tolerability, and tissue distribution of Sona’s gold nanorods in three groups of twenty rats, each administered different dosage levels intravenously.

Graphene Manufacturing Group Ltd (TSX-V:GMG, OTCQX:GMGMF) said in-house engine tests of its G Lubricant showed a 10% improvement in energy efficiency and a 33% reduction in diesel particulate emissions when added to a Caterpillar 22 kVA diesel engine running at 80% load.

The company said the results followed the addition of three doses of the graphene-based lubricant to standard diesel engine oil, bringing the maximum graphene content to 0.03% by weight.

It is not that uncommon to find small caps with parts that are worth more than the sum.

But, it is rarer to see management teams get on the front foot to successfully unlock these discounted valuations.

Chariot Ltd (AIM:CHAR, OTC:OIGLF) has raised US$5.5 million (£4.1 million) in net proceeds from a significantly oversubscribed placing and subscription.

The company priced the equity raise at 1.4p per share.

Prescient Therapeutics Ltd (ASX:PTX, OTC:PSTTF)has kicked off its Phase 2a clinical trial evaluating PTX-100 for relapsed or refractory Cutaneous T-Cell Lymphoma (CTCL), having dosed its first patient.

Prescient Therapeutics chief medical officer Dr Marissa Lim said: “The first patient in Prescient’s Phase 2a study has been dosed at the Linear Clinical Research site in Perth, under the care of Dr. Dejan Radeski, a consultant haematologist with a special interest in T-cell lymphoma.